Salaries and Wages

3. Period: The regular schedule by which employees are paid (e.g., weekly, bi-weekly, monthly).
4. A specific target or minimum requirement that must be met to be eligible for commission.
5. Insurance Scheme: A mandatory social security system in Barbados that provides benefits like pensions and unemployment support, funded through deductions from wages and salaries.
9. Rate: The amount of money paid for each hour worked.
12. Target: A specific amount of sales that an employee is expected to achieve within a certain period to earn commission.
13. Tax: A tax levied by the government on an individual's earnings.
15. A fixed amount of money an employee is paid on a regular basis, usually annually, regardless of the number of hours worked.
17. Wage: The lowest hourly wage that an employer can legally pay their employees.
18. Rate: The percentage of the sales price that is paid as commission.

1. Money paid to an employee based on the number of hours worked.
2. Amounts of money subtracted from an employee's gross pay for things like income tax, National Insurance, and health insurance.
6. Sales: The amount of money generated from sales after deducting returns, allowances, and discounts. Commission might be based on net sales.
7. A document given to an employee that shows their gross pay, deductions, and net pay for a specific pay period.
8. Pay: The total amount of money earned before any deductions (like taxes or insurance).
10. Hours worked beyond the standard working hours, often paid at a higher rate.
11. Sales: The total amount of money generated from sales before any deductions or expenses.
14. Pay: The amount of money an employee receives after all deductions have been taken out; also known as take-home pay.
16. Something that motivates an employee to perform better, such as a bonus or higher commission for exceeding targets.
18. A percentage of the sales revenue that an employee earns as part of their pay.